LRTA Board approves awarding of P65-B LRT Cavite Extension Project to consortium

MANILA, July 25 (PNA) — After multiple delays, the Land Rail Transit Authority (LRTA) Board on Friday finally approved the awarding of the Light Rail Transit (LRT) 1 Cavite Extension Project to the Light Rail Manila Consortium (LRMC).

The LRMC, the P65-billion project’s lone bidder, is composed of Metro Pacific Investments Corp., Ayala Corp. and Macquire Infrastructure Holdings Philippines Pte. Ltd.

LRTA spokesman Hernando Cabrera confirmed that the awarding of the project was approved upon the recommendation of the Department of Transportation (DOTC) Special Bids and Awards Committee (SBAC).

For the meantime, DOTC spokesman Migs Sagcal said the agency will await the LRTA Board resolution approving the award of the project to the consortium.

He said that once the resolution is received, DOTC Secretary Joseph Emilio Abaya will issue the Notice of Award to the consortium.

Its concession period will run for a period of over 30 years.

The current 20.7 km LRT runs from Baclaran in Pasay City to North Avenue in Quezon City. It will be given an extension of approximately 11.7 km from Baclaran to Bacoor. (PNA)